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Joe Lonsdale Net Worth, Biography & Wiki 2017
Joseph Todd Lonsdale was born on 12 September 1982, in Fremont, California USA, to a Jewish mother and Irish Catholic father. He is an entrepreneur, investor and philanthropist, who runs numerous companies, including Palantir Technologies, Addepar and Formation 8.
A famous businessman, how wealthy is Joe Lonsdale? According to sources in mid-2016, Lonsdale has acquired a net worth of over $425 million, accumulated through his numerous investments and various business endeavors.
Joe Lonsdale Net Worth $425 Million
Raised in his mother’s Jewish religion, Lonsdale attended Mission San Hose High School in Fremont. He later enrolled in Stanford University to study Computer Science. He also studied Financial Markets and Macro-Economics, and served as Editor-in-Chief of the college newspaper The Stanford Review. During this time he worked as an intern with the financial arm of PayPal. While at college, Lonsdale became a member of Phi Kappa Psi Fraternity.
After his graduation in 2003, he worked several jobs with PayPal co-founder Peter Thiel, and was an early executive at Thiel’s global macro hedge fund called Clarium Capital, which at one point reached $8 billion in assets under management.
In 2004, along with Thiel and three other partners, Lonsdale founded an analytics software and services company called Palantir Technologies, which focused on creating information systems that became used by government and financial organizations around the world; the company became one of the most valuable companies in Silicon Valley, valued at over $20 million. Lonsdale served as a co-head of product until he built a separate division within the company with Eric Poirier, called Palantir Finance, today’s Metropolis. It is a software for data integration, information management and quantitative analytics, focused on time series and financial ontologies, which grew into a multi-billion dollar business and has greatly contributed to Lonsdale’s net worth.
In 2009 Lonsdale and Jason Mirra founded an investment management company called Addepar, and Lonsdale has since served as the company’s Executive Chairman. Addepar creates software a platform for single and multi-family offices, which has become one of the leading wealth management technology platforms in the country. Having over 100 clients, the company reached $300 billion in assets under management in 2015. Lonsdale’s wealth was significantly boosted.
In 2010 he launched a venture capital company called Anduin Ventures, a seed fund company which makes investments in information technology companies in Silicon Valley. The following year Lonsdale founded Formation 8, with partners Brian Koo and Jim Kim, focused on making investments in IT and energy companies. By representing the company, Lonsdale has served on numerous boards, such as Oscar, Radius, Hyperloop Technologies, RelatelQ, Wish, Bland Labs, and other.
In 2016 the Silicon Valley tycoon founded 8VC, with a larger group of partners, many being his colleagues from Formation 8. The fund makes investments in technology-based companies such as Asana, LoadDocs, uBiome and Common. It has served as an additional source of Lonsdale’s net worth.
Aside from the major companies, Lonsdale has founded various other companies and organizations, such as OpenGov and Zanbato. He also frequently gives public speeches at various technology events with his main subject being Smart Enterprise. The businessman is currently collaborating with singer Lady Gaga to launch Backplane.
In 2015 Lonsdale was ranked #38 on Forbes’ America’s Richest Entrepreneurs Under 40 list, and Forbes has recently ranked him #100 on The Midas List: Top Tech Investors.
When speaking about his personal life, Lonsdale hasn’t been married yet. His current relationship status is unknown to public. However, in 2015 the tycoon was accused of rape by Ellie Clougherty; the former Stanford student and model filed a lawsuit against him, claiming that he abused her sexually, emotionally and physically. Lonsdale denied all charges filing a counter suit. It was later revealed that the couple started dating while Lonsdale was the girl’s mentor at Stanford. As a result of the charges, Lonsdale was banned from Stanford. However, this only lasted a short time, as both suits were dropped.
Lonsdale is a devoted philanthropist. He serves as the Chairman of California Common Sense, a non-partisan, non-profit organization that focuses on educating the public about various government data. He is also the Chairman of ONEHOPE Wine enterprise and its ONEHOPE Foundation, focused on donating half of its profits to various charities. He is on the Board of Strive for College, a non-profit organization providing guidance to qualified students through the college application procedure, and is a part of Ashton Kutcher and Demi Moore’s non-profit organization Thorn, aimed at preventing child-trafficking and child pornography.